CEO Jorge Vargas shares Green Banks can help U.S. electricity shortage

America’s energy supply is under serious strain, with electricity demand projected to grow 16% over the next five years. That’s triple the rate of growth over the past two decades, and outdated infrastructure and lengthy project timelines mean consumers will face price increases as demand outpaces supply.

Fortunately, a solution is already available. Renewables—especially community solar—can be deployed quickly and affordably, making investment in clean energy essential.

As Aspen Power CEO Jorge Vargas and Catalyze CEO Jared Haines shared, both state green banks like the New York Green Bank and national efforts such as CGC have demonstrated that clean energy investments are scalable and creditworthy. Green banks fill market gaps, helping finance projects like Aspen Power’s first deal and expanding access to clean energy in underserved communities.

Read more: https://www.realclearpolitics.com/articles/2025/08/05/memo_to_epa_let_green_banks_help_solve_us_electricity_shortage_153143.html